Lake Tahoe Villa Harrah e public’s support of the gaming question. The poll found that 45 percent of respondents said they did not want a casino in Richmond. About 30 percent said they were in favor of the casino, and the other 25 remain undecided. Urban One believes ONE Casino + Resort would create million annually in local tax revenue, employ 1,500 people full-time on an average annual salary of ,000, and feature a diverse workplace where 50 percent of the jobs are held by minorities. turtle creek casino from my location VICI Properties (NYSE:VICI) stock is off almost 10 percent over the past month. clearwater casino mask policy But that slide could present investors with an opportunity to get involved with shares of the casino landlord, according to one analyst. Shares of Caesars Palace, seen here, owner VICI Properties are slumping.

An analyst says it’s a buying opportunity. What Year Did Thunder Valley Casino Open Avce Australia (Image: Getty Images)In a note to clients today, KeyBanc analyst Todd Thomas upgrades the gaming real estate investment trust (REIT) to “overweight” from “sector weight” with a price target. That implies upside of nearly 14 percent from the Oct. 5 close. Figuring prominently in the stock’s recent weakness is a flood of new share issuance. Last month, VICI sold . 6 billion in equity to fund previously announced plans. seminole hard rock hotel y casino

Key Insights and Expert Analysis

That dilutes current investors, but the selloff is facilitating “a very attractive entry point,” says Thomas. In March, the real estate company partnered with private equity firm Apollo Global Management (NYSE:APO) to acquire Venetiliberty slots free spin codesan, Palazzo and Sands Expo and Convention Center from Las Vegas Sands (NYSE:LVS) for . 25 billion. resorts casino voting VICI is shelling out billion for the property assets. The gaming REIT is directing proceeds from the September share sale to finance that deal. black bear casino restaurants blackjack online vegas VICI Stock Still AttractiveWhile VICI is mired in a slump, the Caesars Palace owner has a knack for savvy deal-making. Oxford Casino Table Games Lgcr Although it’s digesting multiple transactions today, it could remain a player for gaming and non-gaming real estate assets, according to KeyBanc’s Thomas.

While growth off a relatively larger [real estate] base makes it more difficult, VICI’s appetite remains healthy, with the investment landscape still ripe for both gaming and non-gaming investments in the United States and abroad,” said the analyst. riverwind casino rv parking As the recent sale of the Cosmopolitan confirms, appetite for Las Vegas gaming properties remains strong, and market observers expect that as the US gaming industry continues rebounding from the coronavirus pandemic, more regional casinos – of which VICI owns an extensive portfolio — could hit the market. coushatta casino vs golden nugget choctaw casino concerts In August, the gaming landlord said it’s acquiring rival MGM Growth Properties for . mohegan sun casino host phone number 2 billion in stock. The transaction created the largest owner of Las Vegas Strip casino real estate. VICI is taking on . xbet casino no deposit bonus 2020 seven feathers casino queensryche 7 billion in MGP debt in that deal.

Future Upgrade for VICIVICI currently owns the property assets of 28 gaming venues with its tenant roster, including Caesars Entertainment, Centuryliberty slots free spin codes Casinos, and Penn National Gaming, among others. no deposit bonus casino offers KeyBanc’s Thomas notes the gaming REIT is “en route to obtain an [investment grade] rating from S&P in the months ahead. ” That could be a catalyst for VICI stocks, because the landlord currently carries a “BB” rating — junk status — from S&P, though the outlook on that grade is “positive. brian christopher slots real name ” An improved credit grade could lower VICI’s financing costs if it issues debt in the future. The stock yields 4. 99 percent, or more than double the dividend yield on the MSCI US Investable Market Real Estate 25/50 Index. Martha Stewart is rumored to be setting up a home in Las Vegas, and she’s inviting you to be her guest.

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